Farm property

If you are a farmer and you sell land in 2011 used principally in a farming business that includes your principal residence, only part of the gain is taxable. You can choose one of two methods to calculate your taxable capital gain. We explain these two methods in the guide T4003, Farming Income, the RC4060, Farming Income and the AgriStability and AgriInvest Programs Guide, and the RC4408, Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide.

Forms and publications

• Guide T4003, Farming Income
• RC4060, Farming Income and the AgriStability and AgriInvest Programs Guide
• RC4408, Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide